Vanderbilt University Takes Position in Lineage, Inc. (NASDAQ:LINE)

Vanderbilt University acquired a new position in Lineage, Inc. (NASDAQ:LINE) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 11,867 shares of the company’s stock, valued at approximately $930,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. State of Alaska Department of Revenue acquired a new position in shares of Lineage in the 3rd quarter worth approximately $2,306,000. Spirit of America Management Corp NY acquired a new stake in shares of Lineage in the third quarter valued at $165,000. IFM Investors Pty Ltd purchased a new stake in shares of Lineage in the 3rd quarter valued at $1,122,000. Sequoia Financial Advisors LLC purchased a new position in shares of Lineage in the third quarter valued at approximately $23,893,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd acquired a new stake in shares of Lineage in the third quarter valued at $867,000. Institutional investors and hedge funds own 3.35% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Wells Fargo & Company boosted their price target on shares of Lineage from $86.00 to $89.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 28th. Capital One Financial began coverage on shares of Lineage in a research report on Monday, September 16th. They set an “overweight” rating and a $91.00 price objective for the company. The Goldman Sachs Group lowered their target price on shares of Lineage from $105.00 to $104.00 and set a “buy” rating on the stock in a report on Friday, September 13th. UBS Group assumed coverage on Lineage in a report on Monday, August 19th. They issued a “neutral” rating and a $88.00 price objective on the stock. Finally, Evercore ISI reduced their price target on Lineage from $90.00 to $88.00 and set an “in-line” rating for the company in a report on Monday, October 7th. Five investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $93.50.

Lineage Trading Up 0.7 %

Shares of NASDAQ LINE traded up $0.54 during midday trading on Monday, reaching $76.78. 24,358 shares of the stock were exchanged, compared to its average volume of 1,470,528. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.10 and a quick ratio of 0.95. The stock has a market capitalization of $18.70 billion and a P/E ratio of -5.58. The stock’s 50 day simple moving average is $80.30. Lineage, Inc. has a 52-week low of $73.16 and a 52-week high of $89.85.

Lineage Announces Dividend

The firm also recently declared a — dividend, which was paid on Monday, October 21st. Shareholders of record on Monday, September 30th were paid a dividend of $0.38 per share. The ex-dividend date was Monday, September 30th. Lineage’s dividend payout ratio is presently -11.12%.

Lineage Company Profile

Lineage, Inc is the world’s largest global temperature-controlled warehouse REIT with a network of over 480 strategically located facilities totaling over 84.1 million square feet and 3.0 billion cubic feet of capacity across countries in North America, Europe, and Asia-Pacific. Coupling end-to-end supply chain solutions and technology, Lineage partners with some of the world’s largest food and beverage producers, retailers, and distributors to help increase distribution efficiency, advance sustainability, minimize supply chain waste, and, most importantly, feed the world.